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Randolph-Brooks Federal Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 10 Aug 2023
Fact checked

Randolph-Brooks Federal Credit Union logo

Randolph-Brooks Federal Credit Union was founded in 1952 and is located in Live Oak, Texas. RBFCU holds $14.77 billion in assets, and has a membership of more than 850,000. For personal banking, they offer financing services including deposit and checking accounts, loans and credit cards, mortgages, insurance, and payment solutions.

Personal loans can be a practical solution to help you with your financial goals – whether to build credit, start a business, pay off high interest debt, or take care of unexpected expenses. If you’re considering applying for a Randolph-Brooks Federal Credit Union personal loan, use the Randolph-Brooks Federal Credit Union personal loans calculator to see what your monthly payments would be.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

General facts about Randolph-Brooks Federal Credit Union personal loans

Part of the role of Randolph-Brooks Federal Credit Union as a lender is to lend responsibly. In turn, it is your responsibility to borrow properly, borrowing only what you know you can afford and intend to repay, even if your circumstances change. Before taking out a Randolph-Brooks Federal Credit Union personal loan, you should carefully examine the pros and cons. Use this article as a guide to help you make the right decision for your finances.

What you need to know about the basic features and benefits of a Randolph-Brooks Federal Credit Union personal loan:

  • Loan amount: undisclosed
  • Loan term: between 4 and 60 months
  • Application fee: $0
  • Interest rates: as low as 6.500% to 18.00% APR

Requirements for a Randolph-Brooks Federal Credit Union personal loan

A Randolph-Brooks Federal Credit Union personal loan is only available to current members and employees. If you are not yet a member, there are different ways to join. Membership is available to anyone who:

  • Lives, works, worships, or attends school in Randolph-Brooks Federal Credit Union recognized counties
  • Is a family member of a Randolph-Brooks Federal Credit Union member
  • Is a current or former employee of Randolph-Brooks Federal Credit Union recognized establishments, businesses, or institutions

Randolph-Brooks Federal Credit Union requires potential loan applicants to provide the following information:

  • The amount you would like to borrow
  • The number of years you want to finance your loan (term length)
  • Your phone number and email
  • Your current employment and income details

 

Randolph-Brooks Federal Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

Randolph-Brooks Federal Credit Union

Randolph-Brooks Federal Credit Union personal loans

Estimated Month Repayments
Interest Rate
28.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
1000
to $20,000
A signature loan can be a great option if you need to finance expenses, such as new appliances, medical expenses or any other personal needs you may have.

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

 

Pros and cons of RBFCU personal loans

Pros

  • No collateral required
  • Starting APRs lower than most banks
  • Option to repay up to 60 months or 5 years
  • Online application available
  • Borrower criteria and requirements are listed

Cons

  • No loan amount specified

Frequently asked questions

Do I need to submit collateral for an RBFCU personal loan?

No. RBFCU personal loans are unsecured, meaning you don’t need to put up collateral like a house or a car to secure your loan.

How much does RBFCU offer for its personal loans?

Borrowing limits for an RBFCU personal loan are undisclosed. The credit union, however, takes into consideration your overall situation, including your income and any debts/obligations you may have. You have to specify the amount on your personal loan application.

What are the loan repayment options?

The loan from RBFCU can be repaid for a maximum of 60 months or 5 years.

What are the potential rates for a personal loan from RBFCU?

Potential rates for an RBFCU personal loan can start from 6.50% up to 18.00%.

What number do I need to call to ask about personal loans from RBFCU?

You can call 800.580.3300 to find out more about RBFCU personal loans.


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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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